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Wednesday, 9 August 2017

A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Thermochromic
Pigments
Market. The
study, titled “Thermochromic
Pigments Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.

Thermochromic
pigments are special pigments that change color when they detect
temperature change, it can be either high temperature or low
temperature. The pigments are very sensitive to temperature change.
Consequently, thermochromic pigments are used for various
applications such as textile printing, plastics, mugs, and others. In
textile printing, thermochromic pigments are used with normal textile
pigments for printing textiles. When the print undergoes a change in
temperature, it changes color. For instance, if normal yellow textile
pigment is mixed with blue thermochromic pigment, the resulting
product will be green color, which will change to yellow when it
senses or undergoes a change in temperature. Thermochromic pigment is
used in plastic bottles and mugs to detect temperature of the liquid
present in the bottle or mug.

In
terms of application type, the thermochromic pigments market can be
segmented into paints & coatings, ink printing, and plastic
products. In these industries the pigments are used to display the
temperature change of the product. The usage of thermochromic pigment
in ink printing can usually be seen on beer wrappers indicating the
coldness of beer, or on the stickers of pizza delivery boxes
indicating hotness of the pizza. The ink printing segment held a
major share of the market in 2016, globally. Rise in standard of
living, quality of life, disposable income, and development of
economy of various countries such China and India, is anticipated to
boost the thermochromic pigments market across the globe.

In
terms of product type, the thermochromic pigments market can be
segmented into reversible and irreversible pigments. In reversible
thermochromic pigments, the color change of the pigment is reversible
and is majorly employed in decorative products. The Reversible
thermochromic pigments segment held a prominent share of the market
in 2016. Irreversible thermochromic pigments can change color only
once, and the color is not reversible at all. These pigments are
cheaper as compared to the reversible ones and have comparatively
lower market share in 2016.

In
terms of region, North America held a major share of the market
across the globe, in 2016. Increasing demand for thermochromic
pigments in the U.S. for printing application is the reason for the
high share of the product in the region. The share of Asia Pacific
region is anticipated to rise rapidly in the near future due to
rising usage of thermochromic pigments in the textile industry.
Furthermore, the automotive industry of Japan is witnessing a rising
demand for thermochromic pigments. This, in turn, is estimated to
drive the market in Asia Pacific. Europe followed North America in
terms of market share. Increasing demand for thermochromic food
quality indicators in countries such as Germany, France, and the U.K.
is projected to fuel the market for thermochromic materials in
Europe. The rising demand for food quality indicators is seen to
determine the quality of frozen meat and dairy products. It is
projected to be the contributing factors for the demand for food
quality indicators in the region. Middle East & Africa held an
average share in the market. The region is expected to rise with an
average growth rate.

The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.

Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.

Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.